GreatPig
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Sheesh... I always expect my stocks to go down...kennas said:
...and I'm rarely disappointed!
GP
AVO - Avoca Resources
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...and I'm rarely disappointed!
GP
Sean K
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I might be out under $1.30.Rafa said:Its fallen thru the support line now!
My head tells me to sell
My heart tells me to keep...
Sean K
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I'm still in but very close to pulling the pin until it looks like it's going to recover. Really need to bounce off this general support level around $1.25.
Anyone got any clues to the correction?
Anyone got any clues to the correction?
kennas said:
The DFS was meant to be out ages ago, maybe people have had enough waiting to see it, the AGM presentation says that it has been completed but why hasn't it been released to the market? Or don't these get released? If I recall correctly they are meant to begin mining early next year and we haven't had any news regarding that yet either. No news at all in fact, which always gives the stock price a boost.
At these prices I'm looking at getting topping up my holding, but no $$ to do so. I bought in at $0.71 and not around $1.40 like you Kennas so for me it doesn't have as much risk, it could go down to a dollar and I would still be in profit (although I have lost a fair bit from the highs of $1.50)
Sean K
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I'm out. The ann should have driven it it. Going down.....poor darts.
It might bounce off $1.25, but I'm not risking it at the moment. Bigger fish to fry!
It might bounce off $1.25, but I'm not risking it at the moment. Bigger fish to fry!
Sean K
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LOL.kennas said:I'm out. The ann should have driven it it. Going down.....poor darts.
It might bounce off $1.25, but I'm not risking it at the moment. Bigger fish to fry!
I think it went up 3% immediately after I sold it. You're rubbing off on me GP.
Sean K
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Well, next time I sell something I'll let you know so you can have a buy ready.Rafa said:Incredible...
If your the new GP Kennas, maybe i should buy back in now...
ah... you gotta laugh sometimes...
I'm thinking I have to sell HSP at the moment. Ducati has given it a $0.50 ish valuation and it's currently trading at $5.50ish.
I've got about 5000 of them so my $27.5K is actually only worth $2.5K! I'll PM you. LOL I think there will be a time when AVO will fly, but its not right now...
I will certainly be revisiting the stock, but in today market, when there are other stocks putting on few % a day, a stock that is sitting still, let alone going backwards, is costing money.
I will certainly be revisiting the stock, but in today market, when there are other stocks putting on few % a day, a stock that is sitting still, let alone going backwards, is costing money.
Sean K
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Time to revisit then!
Nothing wrong with a pull back every now and then to let off some steam. The fundamentals for this stock are still very strong and benchmarked against similar ASX companies this has yet to stamp its ground. I think another medium run as it has done over the last 6 months is going to begin from this point, with a goal of $2 by March / April.
Nothing wrong with a pull back every now and then to let off some steam. The fundamentals for this stock are still very strong and benchmarked against similar ASX companies this has yet to stamp its ground. I think another medium run as it has done over the last 6 months is going to begin from this point, with a goal of $2 by March / April.
GreatPig
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Up about 12% at the moment. Nice bounce off $1.20, but now at the $1.40 resistance.
Cheers,
GP
Cheers,
GP
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Thanks GP. Thats what I was thinking would happen. Now it just needs to crack the 1.40 and heads toward the $2 as I expect it will and receive a fair valuation in line and benchmarked with similar companies. $1.40 for this stock seems comparatively undervalued imo and I think shareholders are starting to catch on. Should pay healthy profits this year 2007 and 2008 once Higginsville starts to pump out. Thats if a bigger miner doesnt decide to make a grab for AVO.
Interestingly they hold 25% I think of ENR which made a stellar jump 20% today. Coincidnce that they have both jumped significantly today? or something brewing?
Will be a nice confirmation if the moves continue higher again tomorrow for both. Perhaps the market took notice today.
Interestingly they hold 25% I think of ENR which made a stellar jump 20% today. Coincidnce that they have both jumped significantly today? or something brewing?
Will be a nice confirmation if the moves continue higher again tomorrow for both. Perhaps the market took notice today.
I think todays jump has more to do with ENR than anything else...
once the market see's a company has Uranium, they will buy it up regardless of fundamentals...
In AVO's case, the fundmentals have always been outstanding... but as usual, it takes the word Uranium to drive the share price!
once the market see's a company has Uranium, they will buy it up regardless of fundamentals...
In AVO's case, the fundmentals have always been outstanding... but as usual, it takes the word Uranium to drive the share price!
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I read today that Patersons still maintain a strong BUY on AVO.
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Apparently several brokers or fund managers are listing AVO as one of their top picks for 2007. Thats interest that is good enough for me.
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